The following data apply to A. L. Kaiser and Company (thousands of dollars): Cash 150 Marketable Securities
Fantastic news! We've Found the answer you've been seeking!
Question:
The following data apply to A. L. Kaiser and Company (thousands of dollars):
Cash | 150 |
Marketable Securities | 90 |
Accounts Receivable | 375 |
Inventories | 385 |
Net Fixed Assets | 1000 |
Current Liabilities | 310 |
Sales | 3000 |
Cost of Goods Sold | 2500 |
- Find Kaisers (1) current ratio, (2) quick ratio, (3) inventory turnover, (4) average collection period, (5) total asset turnover.
- Briefly comment the liquidity and activity performance of the company given the following industry average: current ratio 4.2, quick ratio 2.2, inventory turnover 10.9, average collection period 36 days, and total asset turnover 1.8 (Max 30 words for each ratio).
The following data apply to A. L. Kaiser and Company (thousands of dollars):
Cash
150
Marketable Securities
90
Accounts Receivable
375
Inventories
385
Net Fixed Assets
1000
Current Liabilities
310
Sales
3000
Cost of Goods Sold
2500
- Find Kaisers (1) current ratio, (2) quick ratio, (3) inventory turnover, (4) average collection period, (5) total asset turnover.
- Briefly comment the liquidity and activity performance of the company given the following industry average: current ratio 4.2, quick ratio 2.2, inventory turnover 10.9, average collection period 36 days, and total asset turnover 1.8 (Max 30 words for each ratio).
Posted Date: